Wednesday, September 10, 2008

Fannie Still Paying Q3 Dividend

Just when you thought you had heard it all.  Here are more tax dollars going to waste.

Fannie Mae has recieved consent from FHA and US Treasury to pay Q3 dividend that was announced earlier but was unpaid.  Going forward the dividend will be eliminated.

Why pay the third quarter dividend?  You are paying dividend to preferred shareholders from tax payer dollars.{B1D358BF-C343-4AF0-8861-E270F025BE46}&dateid=39701.7312979745-937637636#comments


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